Spendflo funding, investors and company details

Spendflo is an emerging Information Technology - SaaS startup from Chennai, working in the space of Spendflo operates in the procurement technology (ProcureTech) and SaaS management sector.. Founded by Siddharth Sridharan, Rajiv Ramanan, Ajay Vardhan.

Company: SPENDFLO INDIA PRIVATE LIMITED
Sector: Information Technology - SaaS
Location: Chennai
Founders: Siddharth Sridharan, Rajiv Ramanan, Ajay Vardhan
Total funding raised: ₹34.74 Cr

Company overview

Spendflo is an AI-powered procurement platform founded in 2021, headquartered in San Francisco, California, that helps companies optimize SaaS spending through buying, negotiation, renewal, and tracking services. It targets mid-market to enterprise teams, aiming to cut SaaS waste by up to 30% via centralized contract management and expert procurement support. Spendflo's core mission is streamlining SaaS procurement to deliver savings (average 5x ROI), visibility into usage, vendor negotiations, and compliance, addressing the $151B+ global SaaS market's inefficiencies. Its platform automates workflows for intake, renewals, and spend analysis, serving finance, IT, and procurement sectors worldwide.

Funding rounds

Latest round: $ 4.40 Mn (₹34.74 Cr.), 2022-06-14. Investors: Accel India, Together Fund